Answer:
Journal Entries
Dr. Bank...................3,578
Cr. Note Receivable........3,578
Being note receivable collected but not recorded in deposits
Explanation:
1. July note collected (not included- in July deposits) 3,578
Journal Entries
Dr. Bank...................3,578
Cr. Note Receivable........3,578
Being note receivable collected but not recorded in deposits
2. July bank service charge 36
Journal Entries
Dr. Bank Charges...36
Cr. Bank...........................36
Being bank charges for the month of July
3. July NSF check from a customer returned by the bank (recorded-
by bank as a charge) 799
Journal Entries
Dr. Account Receivable.......799
Cr. Bank Charges............................799
Being recognition of NSF check returned and correction of bank error of being posted as bank charges